Red Stag plans to invest $20M in North Island cross-laminated timber plant to support KiwiBuild

Thu, 08 Mar 2018

By Tina Morrison March 8 (BusinessDesk) - Red Stag Group, which runs the largest sawmill in the Southern Hemisphere, plans to invest more than $20 million developing a large-scale cross-laminated timber plant at its wood processing site in Rotorua. The plant is expected to be operational by mid-2019, and produce more than 50,000 cubic metres of cross-laminated timber within two years, Red Stag Group chief executive Marty Verry said. The company's plans are conditional on draft building standards requiring full chemical penetration of cros...

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